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Ahead of Friday’s trade, ARKF held 558,101 shares — worth $53.5 million — in Pinduoduo. Besides ARKF, no other ETF currently holds PDD shares.
The popular investment firm, which has been shedding shares in China’s Alibaba Group Holdings (NYSE:
BABA
-3.5%
+ Free Alerts
) but buying JD.com Inc (NASDAQ:
JD
-0.79%
), had earlier this month sold all the shares that it held in Pinduoduo via the Ark Next Generation Internet ETF (NYSE:
ARKW
+1.57%
).
See Also: Pinduoduo, Alibaba, Google, Coinbase, Pfizer, Square — These Are Cathie Wood's Key Trades From Thursday
Here are some of the other key trades for Ark on Friday:
Bought 351,289 shares — estimated to be worth about $16.37 million — in Pfizer Inc (NYSE: PFE) on the dip. Shares of the pharma company closed 1.65% lower at $46.60 on Friday.
Shed 13,593 shares — estimated to be worth about $2.17 million — in Alibaba, on the day when shares of the e-commerce giant closed 3.49% lower at $159.47.
Bought 38,130 shares — estimated to be worth about $2.9 million — in JD.com. Shares of the company closed 0.79% lower at $76.43 on Friday. |
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